In this video, I follow up on the trend line exercise I introduced in the last post. The exercise is designed so that you can learn about markets and price flow in your own experience. There is beauty and harmony in each chart that shows the footprints of the buyers and sellers. To most people, the price action on a chart looks chaotic. It's not chaotic, you need...
Price reversal and pivot from the end of wave 4. Price bounced off support zone of falling wedge chart pattern. Buying with 1% allocation. Open @ 30.73 TP @ 32.5 c.5.7% ‐--‐----------- Strategy: Based on Elliot wave theory, pivot points and classic chart patterns. The 5th wave pivot strategy identifies the last impulse of the Elliot wave sequence. The 5th wave...
NASDAQ:EXLS Bullish to bearish reversal. Parallel Uptrend Break and reported earnings miss. All the elements of a top. ExlService Holdings, Inc. (EXLS) reported earnings on July 27, 2023, and the stock sold off after the announcement. The company reported earnings per share of $1.46, which was ahead of analyst expectations of $1.35. However, revenue of $405.0...
Im looking for mean reversion opportunities in this stock currently. My SL is bassed on time to profit ratio. i dont use stop losses but will get out if theres a 50% decline. I tested for probalistic monthly sharpe ratio outperformance of the s and p 500. I tested for monthly normality with the kolmogrov smirnov statistic. and looked for a non-significant...
VCP: 11W 14/2 4T RS: 75 The posted chart contains a VCP (volatility contraction pattern). The first label "W" stands for weekly and shows the duration of the entire consolidation. In the middle label, the percentage of contractions is indicated (for example, "15/4"), with 15 representing the -15% depth of the base and 4 representing -4% of the last contraction....
Notes: * Very strong up trend on all time frames * Great earnings track record * Breaking above historical resistance of 145.21 with higher than average volume * Very close to its 50 day line * Offering a low risk entry Technicals: Sector: Technology - Information Technology Services Relative Strength vs. Sector: 1.04 Relative Strength vs. SP500: 1.03 U/D...
Coming out from beautiful base and breaking resistance of 146.
EXLS: ExlService Holdings, Inc. 2021-11-02 06:00:00 EXL Announces $300 million Common Stock Repurchase Authorization
Fundamentals: EXLS returned 26.5% over the past year. Earnings have grown 5.3% per year over the past 5 years. Earnings growth over the past year 19.3% exceeding its 5 year average. Also exceeding the IT industry by 6%. No Dividends on this one. Technicals: EXLS chart going back 8 years shows that we seem to be re-visiting trendline resistance after testing...
see if initial 0.382 level holds. Look for sings of reversal and confirmation.